Key Points
- Director Ira Kaplan bought 5,000 shares of Stoneridge at $7.54 each, spending a total of $37,700. After the purchase, he held 100,046 shares, a 5.26% increase in his position.
- Stoneridge recently reported a Q1 earnings miss, posting EPS of -$0.75 versus analyst expectations of $0.01, though revenue came in at $160.85 million, above estimates.
- Analyst sentiment remains weak, with the stock carrying an average “Sell” rating and a consensus target price of $16.00 after several recent downgrades.
Stoneridge, Inc. (NYSE:SRI - Get Free Report) Director Ira Kaplan bought 5,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $7.54 per share, with a total value of $37,700.00. Following the acquisition, the director owned 100,046 shares in the company, valued at approximately $754,346.84. This represents a 5.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Stoneridge Price Performance
SRI stock opened at $7.43 on Friday. The stock has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $6.54. The stock has a market cap of $209.77 million, a PE ratio of -1.68 and a beta of 1.85. The company has a current ratio of 2.02, a quick ratio of 1.37 and a debt-to-equity ratio of 1.00. Stoneridge, Inc. has a 1 year low of $4.60 and a 1 year high of $9.71.
Stoneridge (NYSE:SRI - Get Free Report) last released its earnings results on Thursday, May 7th. The auto parts company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.76). Stoneridge had a negative return on equity of 22.50% and a negative net margin of 15.24%.The firm had revenue of $160.85 million for the quarter, compared to the consensus estimate of $139.00 million. Equities analysts forecast that Stoneridge, Inc. will post -0.74 EPS for the current fiscal year.
Institutional Investors Weigh In On Stoneridge
Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in Stoneridge by 2.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 93,729 shares of the auto parts company's stock valued at $714,000 after acquiring an additional 1,815 shares in the last quarter. Jane Street Group LLC raised its holdings in Stoneridge by 1.9% in the 4th quarter. Jane Street Group LLC now owns 115,259 shares of the auto parts company's stock valued at $667,000 after acquiring an additional 2,178 shares in the last quarter. State Street Corp raised its position in Stoneridge by 2.6% during the fourth quarter. State Street Corp now owns 134,334 shares of the auto parts company's stock valued at $778,000 after purchasing an additional 3,400 shares in the last quarter. Algert Global LLC raised its position in Stoneridge by 19.8% during the third quarter. Algert Global LLC now owns 25,880 shares of the auto parts company's stock valued at $197,000 after purchasing an additional 4,270 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Stoneridge by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 317,846 shares of the auto parts company's stock valued at $1,841,000 after purchasing an additional 4,545 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Stoneridge in a research note on Friday, March 27th. Barrington Research downgraded shares of Stoneridge from an "outperform" rating to a "market perform" rating in a research note on Monday, March 16th. Zacks Research downgraded shares of Stoneridge from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Stoneridge from a "buy" rating to a "hold" rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Sell" and a consensus target price of $16.00.
View Our Latest Stock Analysis on Stoneridge
Stoneridge Company Profile
(
Get Free Report)
Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company's product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.
Among Stoneridge's core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.
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